I think the economy is doing well and I am a Capital Markets Banker.....just don't listen to me, lol.

 

The question that begs to be answered is:
Do you ride them or is it just for collecting/hobby purpose?

 

Which bank?

 

I'm always glad to hear some positive news

So why do you feel this economy is doing well or are you just kidding (?) and bear in mind it's more of world economy these days (not that the US is doing any better than the rest) if you see it any other way you are fooling yourself?

Just like japan and china our biggest problem is a debt fueled economy and it clearly doesn't work nor should it. Couple that with a government that thinks it's smart to play god with money by lowering the interest rate to zip (just like the other foreign countries that did it and failed) and keeping it there for years. It's not a good idea to manipulate the natural forces of an economy and money is one of those things. So if you don't have much money it should cost a lot to get it not a small amount. Currently the poor are almost given money at no cost and the rich are able to leverage massive amounts of money at very little cost to get richer. Both of these are problems. Meanwhile the gov is piling up debt as if it doesn't matter as long as the engine keeps turning blah blah.

So where is the good news. The only good news is the rich have more money than ever just sitting in a corner which is also why the market is a joke because they just poor it in to companies like apple because everyone else is doing it blah blah. The bad news is nobody else has a pot to **** in or window to throw it out of and if they do it's owned by the bank. Good luck keeping that animal alive for long.

Maybe I'm just an old grumpy dude and maybe our gov is smarter than they appear but I like to think I learned something in econ 101 because from where I'm standing the BS that's going on isn't good for an economy.

 

How about that.... FD in the Top 10!!! Guys, I know everyone's a little wigged about the market this week, but can we please get back to the topic. If people are passionate about the latest, and long overdue correction, let's start a new thread! Thx!

 

yeah how about that top 10

However the miata and economy are much more fun

 

I do believe cars should not be looked at as an investment and if you do you should consider it to be a high risk low reward investment. The FD is a true testament to that, unless you get a crazy good deal and sell for a profit rather quick. In the long-ish term you might lose.

I got mine for pretty cheap and I have toyed with the idea of selling for a good gain but I will never get it back but oooh so tempting
But mostly tangible assets will, over time increase in value slowly.

 

That's not true at all. Most capital goods depreciate in fact.

 

I've always liked the looks of the Saturn Sky, particularly the Redline. They're still relatively expensive on the used market here.

 

They never did much for me but if you like the sky the new miata should be right up that alley.

I'm sick of bloated fenders and sharp lines. Also when is this flat edged fender thing going to go away. It's worse than bell bottoms.

 

I disagree.

1) There is no next generation/Anniversary RX-7 even in talks at present. No plans. At all. Sure, there's some magical project Mazda's working on for their 100th Anniversary, but remember that Mazda is still getting over an unprofitable stint, and the boss himself said they're focusing on sales, not passion/heritage.

Not to mention that while the RX-8 sold like hotcakes initially, they had a ton of reliability issues. And aside from the 30 guys at Mazda still doing R&D on rotaries, no one else *in the world* is doing R&D on rotaries.

So the likelihood of a full, all-out production rotary RX-7 is next to nil IMO. Unless Mazda has an *amazingly profitable* next few years. And even then, they're REALLY behind the 8-ball.

Honda announced the return of the NSX how many years ago? I can't even remember...but I definitely remember the Superbowl commercial. And it's production & release just got delayed. Again.

Aside from the NSX and the GTR, no car company has (to date) revived one of is 90s era classic gas guzzler pure sports cars. And if Toyota ever (finally) releases its supercar, it sure isn't gonna be called a Supra, as most recent sources state.

I think if you're holding your breath for the next RX-7, you're wasting your time. At best, MAYBE Mazda won't botch things and they'll buy up a few unmolested low mileage chasses & release a 2020 Special Edition RX-7 with 2020 technology & performance, kinda like NISMO did with the R34 GTR --> Z-Tune. At least that way, you can't botch the project.

But if we're going for an all knew car, off the Miata chassis...chances are it'll get botched pretty badly. IMO.

Nonsense! The 7 Can't Lose!

 

I agree with this.

It's really tough to make money in this economy through investments. Gold and silver will be good, but the government and banking system gain power through the currency, so they will do everything they can to maintain that power through currencies. so gold and silver will be manipulated down, we will go to wars with countries who try to deal outside of the dollar (Khadafi, Iran, Iraq, etc). It's just a matter of time when things just don't work, and I think it will happen very rampent when it does, just when will this happen? I don't know.

 

I took over my portfolio after the dot com losses. Figured if a paid, trained professional could not provide sound investing advice then I could do no worse on my own. I got out in Oct 2007, but didn't get back in. I got out in April of this year. Just been watching and not listening to the market pundits. Seven years in to a bull run that historically only lasts 3-5, market/money manipulation by the government, flat wages, high debt, etc. === I agree the market is not healthy. But I try to remain disciplined to trade the trends not what I think.

 

How about this classic. I think this way over priced.

https://austin.craigslist.org/cto/5176868233.html

 

Yes definitely overpriced. Should fetch around $60K +/- $10K - $15K, depending on how motivated the buyer & seller are...

 

Wow. That is one serious crack pipe that guy is smoking out of...

 

Id be shocked if it sells for less than $85K. My 77K mile 94 6 Speed is worth $40k and it is modded. The Supra is the collector car of the early 90 Japanese Cars. While the FD is appreciating, it will never pull the same money as the Supra.

 

I think there are much better investments than cars. I think I don't give two ***** what the price of an fd does. I am going to use and enjoy mine either way.

 

Well, compare your e30 to the 993 porsches that were going for $65-70K just 5-6 years back. Those low mileage 993s are now pulling $400k+ Thats the equivalent of the FD to Supra. Supra is more rare, better built and carries a much large following. Collectors are generally not looking for "fun factor" which we know the FD excels at over the Supra.

 

People will not stop leaving WTB notes on my rx7. It's not even very nice. Maybe it's approachable lol.

 

Sports car collectors are looking for cool attractive fun cars with history. It remains to be seen but I can see the FD out pacing the supra in value long term.

Currently and in years past the supra is more of the rage but I can see a lot more reasons to shelf an FD versus a supra on just looks alone.

The only 993s getting 400k are RS models the rest are still cheap relatively speaking or in comparison. I equate the recent price jump in collector cars like the 911s (what's happening to the 997 RS cars literally makes me laugh) and even the recent surge in the e30 M3's value to momentum stocks or stocks like apple that people just buy because everyone else is. In other words the wealthy have more money than brains and can't think of anything else to do with their money. The 911 cars have a pretty good chance of taking a big hit in years to come. Or the old saying of what goes up must come down.

 

Well it's nice to see that if I'm ever forced to sell my car I can at least get my money back if not some on top. I just can't believe how lucky I got to find such a clean example for under $10,000 so I'll surely make money on it if needed be.
I sometimes think about selling the car since I don't drive it much and I could use the money for other things but younger me reminds me of how long I dreamed of having such a car.

 

Hi G,

Gladly sell you my 98 993S at a discount of 200k!

I don't think that the fd will be as desirable as the air cooled porsches simply because it's a cult car and not as well known as a 911. The mint low miles collector FD might fetch good money in the future but not the rest of them.

I also agree that the appreciation in all collector cars is a bubble and will come down. Not a crash but a correction.

 

OOPs was thinking RS america. I just know those porsche guys will pay for anything with an RS badge.

Didn't even think of the crazy prices 993 turbos are going for and again if it goes up it will come back down and I don't see those prices going much higher than they are today. In other words I don't think this is the time to buy a 993 turbo

The 4.0 RS cars will likely be selling for a million soon LOL

Hell for all we know today is the top price for FDs or Supras but I have a feeling the FD is just getting started and whether the market crashes or not the value for low mileage stock FDs won't change much.

 

I think the NSX is overrated. Maybe the one I drove wasn't a great example, but I thought it was inferior to the FD in both power and handling.